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Bottom is in! Bitcoin hitting 50k in April 2023
Bitcoin
Long
Bottom is in! Bitcoin hitting 50k in April 2023
By hnizdos
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Updated
Nov 22, 2022
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Nov 4, 2022
If we look in the previous bull run, there are few main points:
After the breakout of the falling price and weekly RSI resistance, it took BTC approximately 160 days to make a second peak at 0.618 fibo level
Such a movement would take us to about 50k at around April 2023
There are actually many similarities - mainly the big channel that the btc stays in the whole time, breaking out only around halving
Also, in the previous run, breakout of the falling price and RSI weekly resistance accured at the same time, same as now
Nov 4, 2022
Note
Nov 10, 2022
Note
Nov 10, 2022
Note
Nov 22, 2022
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bottom
bottomisin
Bullish Patterns
bullrun
Chart Patterns
halving
halving2024
Trend Analysis
hnizdos
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